Obama’s Connections to Freddie Mac and Fannie Mae

On the day when Obama voted YES in the US Senate to the $700b scam, I did some further looking into his connections with Wall Street.

Unsurprisingly, Freddie Mac and Fannie Mae were big contributors to the coffers of American legislators. The most interesting point from this graph though is that Barack Obama was the #2 recipient of their contributions.

According to The Spagnola Report, “… the two corrupt fat cats that ran Fannie, Franklin Raines and James Johnson served as economic advisors to Obama. So if they ran Fannie into the ground and they advise Obama on economics, how well does that bode for America under an Obama administration?” The Raines connections seems slightly weak but the Johnson one is solid. .

The other interesting news to come out recently was that according to the Center for Responsive Politics, 28 lawmakers had between $598,100 and $1.7 million of their own money invested in the two companies last year.
(link) You have to wonder how much of a factor that was in the FM & FM bailout.

So… yet again I make the case that Obama is as much one of the elite as McCain and, therefore, will represent the goals of the elite more than the goals of the other 99.9% of the American people.

5 thoughts on “Obama’s Connections to Freddie Mac and Fannie Mae

  1. Cameron get your ass over here and straighten this shit out. Someone like you should be in the U.S. , Australia ho hum, what the fuck are they doing to get into trouble?:/ Napolean would love this action don’t ya think?

  2. Daniel, I’m actually coming over in about a week! But don’t tell anyone. I’m a little worried about my chances of getting through customs as it is! If they google me I’m screwed.

  3. I wouldn’t worry about it Cameron by the sounds of your last few podcasts the C.I.A would botch any attempt to assasinate you. In worst case scenario you could always do a Castro and swim there.

  4. Any US citizens, please, please, please do not support McCain/Palin!

    By all means send criticism in Obama’s direction as he is not perfect. But, without a doubt I will be voting Obama/Biden. Both McCain and Palin scare the sh*t out of me. They are anti-choice and Palin (I know, but possibly McCain as well) supports abstinence-only sex education in our schools. In addition, she is an evangelical Christian. (My experience at Mercy Ministries definitely gives me some insight into her religious beliefs.)

    I would rather have Hillary in The White House, but McCain is by far the worse of our current 2 choices.

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